Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
You have a positive consensus on Nickel Industries (NIC), which has recently shot up despite forecasts of oversupply into 2026. However, on the flip side, there is the ever-increasing usage of nickel in electric vehicles. Is nickel the next gold/silver and which other stocks would you refer to? Thanks again for all your guidance.
Hi David,
As you say there are two forces at work with nickel, increased demand from EVs and batteries versus increased production primarily from Indonesia. Unlike copper we don’t see a significant shortage on the horizon hence it’s not a stock we would advocate chasing into strength.
The stock subsequently surged ~30% before settling above 90c, still up more than 20% from its mid-December level. Having reached our target of $1 we are now neutral towards NIC although if pushed we would have a slight bullish bias.
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